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South Sudan: South Sudan Monthly Market Price Monitoring Bulletin, July 2018

Source: World Food Programme
Country: South Sudan

Highlights
– Currency Exchange Rate: Following years of continued depreciation until June 2018, the South Sudanese Pound (SSP) currency has appreciated significantly on the parallel market. In July, the average exchange rate in the Juba parallel market was SSP 230 for one US Dollar, compared to SSP 310 one month ago. However, the July exchange rate of the SSP per US Dollar was still 46 percent higher than that in the same month one year ago.
– The ongoing peace process, agreement of the rivals allowing the Khartoum government to secure and to rehabilitate oil field wells in South Sudan, and the huge injection of the dollar have contributed to the appreciation of the local currency in the parallel market.
– Grain Prices: In June, the nominal price of staple food commodities showed moderate increase in most of the monitored markets. For instance, sorghum price increased in the range of five to nine percent in Bor, Aweil, Wau and Bunj; while it increased by 84 percent in Yida. In the capital, Juba, the sorghum price remained unchanged from the previous month.
– Fuel Prices: The price of fuel varies fluctuates, especially in markets that receive fuel supply through informal cross border trade. In June, the highest fuel price for diesel was observed In Yida, at SSP 760 per liter, and for petrol in Bunj at SSP 850 per liter, an increase by 52 percent and decrease by 6 percent, respectively, when compared to the previous month.
– Terms of Trade (ToT): Compared to May, ToT between goat and sorghum improved in Aweil (24 percent) and Juba (100 percent) due to increase in price of goat higher than that of sorghum. In Northern Bahr el Ghazal, competition between traders from local and neighboring state in Sudan contributed to the increase in prices of livestock. On the contrary, Wau and Yida experienced deterioration in terms of trade due to drop in goat price coupled with increase in sorghum price.
– Outlook: If the local currency exchange rate either remains stable or appreciates further, prices of staple in Juba and other markets supplied from Kampala might not go beyond the seasonal increases. However, markets receiving supplies from Sudan through informal cross border trade are likely to face increased food prices due to high transport costs associated with rainy season.

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